What is the story about?
What's Happening?
In August, the median home listing price in Harrison County rose to $172,900, marking a 16.4% increase from the previous month's $148,550, according to data from Realtor.com. This increase contrasts with a 10.3% decrease from August 2024's median price of $192,750. The median home size was 1,938 square feet, priced at $113 per square foot, which is a 7.7% decrease from the previous year. Listings remained on the market for a median of 63 days, slightly longer than the national median of 60 days. The number of new listings increased by 33.3% compared to the previous year.
Why It's Important?
The rise in home listing prices in Harrison County reflects broader trends in the real estate market, where fluctuations can impact local economies and housing affordability. The increase in new listings suggests a potential shift in market dynamics, possibly indicating increased seller confidence or changing buyer demand. These changes can affect local real estate agents, potential homebuyers, and investors, influencing decisions on property investments and housing strategies.
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